Fall River, MA—02721
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fall River, MA
As of Oct '25, the median home price in Fall River, MA is $436,000, with a year-over-year change of 0.2%. This indicates that home prices in Fall River, MA are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $436,000 | 0.2% |
| Single Family | $447,000 | -0.4% |
| Condos | $314,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | -1.3% |
3 Bed | $448,000 | 0.0% |
4 Bed | $456,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fall River, MA
As of July '25, Rentcast reports the average rent in Fall River, MA is $1,790, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Fall River, MA is studios: $1,470, 1-bedrooms: $1,410, 2-bedrooms: $1,700, 3-bedrooms: $2,010, 4-bedrooms: $3,020. The most common rental property sizes in Fall River, MA are 2-bedroom and 3-bedroom, accounting for 40.1% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,790 |
| Studio Rent | $1,400 | $1,470 |
| 1 Bed Rent | $1,400 | $1,410 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $1,850 | $2,010 |
| 4 Bed Rent | $2,200 | $3,020 |
% of Rental Stock
Property Listings — Fall River, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fall River, MA is 58. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -13.0% |
Listing Count | 35 | 27.0% |
| Listings as % of Homes | 0.1% | 27.0% |
Days on Market | 58 | -16.0% |
Demographics — Fall River, MA
As of the latest ACS Survey released in 2023, Fall River, MA has a population of 25,900, which has decreased by -1.3% over the past 5 years. Fall River, MA is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | -1.3% |
% Under 18 | 21.7% | -8.1% |
% Seniors | 16.9% | 4.3% |
% WFH | 5.1% | 88.9% |
% w/ College Degree | 14.9% | 35.5% |
As of the latest ACS Survey released in 2023, Fall River, MA is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Fall River, MA is hispanic, making up 12.1% of the population. Foreign-born residents account for 22.8% of the population in Fall River, MA, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.8% | -10.6% |
% Black | 4.3% | -44.2% |
% Hispanic | 12.1% | 14.2% |
% Asian | 3.7% | 54.2% |
% Foreign Born | 22.8% | -5.8% |
Mortgage and Risk — Fall River, MA
According to HUD data as of 2023, there were 272 mortgage originations in Fall River, MA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Fall River, MA. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Fall River, MA
As of 2024, the percent of homes in Fall River, MA under the Section 8 program is 19.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fall River, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,712 |
Total Units Section 8 | 1,419 |
% Rentals under Section 8 | 19.3% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,400 | $1,260 |
| 2 Bedroom | -$170 | $1,700 | $1,530 |
| 3 Bedroom | $0 | $1,850 | $1,850 |
| 4 Bedroom | $90 | $2,200 | $2,290 |
Affordability — Fall River, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $436,000 |
| Median Household Income | $50,700 |